Save your Bacon before the Market Burns
Turn Your Money into Gold Before it’s Too Late
Friday, September 19, 2008
The U.S. Dollar is going to crash. Maybe not this month or this year, but the dollar is being inflated to nothing, and it is going down. Since 1971, the dollar has been backed by…nothing. No gold, no silver, just the full faith and credit of the U.S. Government. Well, guess what folks. The full faith and credit of the U.S. Government right now doesn’t amount to shit. The Federal Reserve just bought $80 billion worth of AIG, or in other words, DEBT! With taxpayer money, America bought debt. Not too bright. But this is just a drop in the bucket. Forget Bear Stearns and the other “bailouts.” America owes $100 TRILLION in future entitlements – Social Security, Medicare, etc. etc.
The bottom line? The dollar is going down…hard. Whether you knew it or not, every American has been living in a casino since Nixon took us off the gold standard. Your money is not money. It is currency – fiat currency, which in the history of the world, always turns into ZERO. Worthless paper.
So that you will fully understand the situation, and what you can do about it, I have compiled this report from the best financial websites on the internet. Don’t take my word for it. Listen to the experts.
None of what you will read below is my writing. The uncited work belongs to one of the links I have posted.
Good Luck, God Bless, and ACT FAST.
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Friday, September 12, 2008
Wade into Silver and Gold with Both Hands, Buying all the Physical You Can
Gold Price Close 5th September : 797.60
Change: -37.30 or -4.7%
Silver Price Close Today: 10.735
Silver Price Close 5th September : 12.24
Change: -$1.51 or -12.3%
Less than a week has passed since the Fannie Mae and Freddie Mac bailout by the government was announced last Sunday, and already the other hogs are pushing to get their snoots into that fat gummint trough, too. Lehman Brothers investment banking house is going down, and talks are underway to see how to bail them out. Insurance giant American International Group fell 31% Friday, and both institutions have portfolios chock-a-block full of mortgage based securities. Like Freddie Kruger of Nightmare on Elm Street fame, every time Paulie Paulson and Ben Budget-buster Bernanke assure us the worst is over, worse yet comes back.
Do y’all realize what the Fannie and Freddie takeover means? It means that the constitution no longer exists, and American fascism, the marriage of Big Government with Big Business, that has so long preferred to pretend it was a “democracy” has now come out of the closet. And what a suck-sess it is! A year ago Fannie stock stood at $68, today it closed at 74 cents. Freddie a year ago was about $60 a share, and today closed at a massive 46 cents. All the management skill that for years has been the monopoly of the US Postal Service will now be lavished on the US mortgage industry, of which the government now controls, O, say, roughly 100%.
Of course my native suspicion already had me staring at my charts and saying, “This ain’t possible — there’s a government skunk somewhere in these woods,” and turns out I am not alone. Go read the short article at:
The real reason commodities are tumbling
A reputable Canadian, Donald Coxe, chairman and chief strategist of Harris Management, has said out loud that he, too, believes the Nice Government Men trashed markets to make the dollar and stocks look good just as they floated the Fannie and Freddie bailout. Y’all draw your own conclusions.
Volatility is now the name of the game, which means you’re going to have to stop puking in your wastebasket and cinch up your belt. My guess is that SILVER and GOLD PRICES probably bottomed last week, but they will have to hold Thursday’s lows at $10.49 and US$741.30.
Most of all, do NOT be sucked into this ploy, that the dollar is healthy. “Just look at that tan!” scream the shills. Forget Paulson, forget Bernanke, forget all the other shills — it’s not a tan, it’s jaundice. The dollar is sunk, and will resume its downward course shortly. Stocks peaked yesterday against gold, barely managing to reach the top of their trading range. The dollar fell today over one hundred basis points.
Now is the time to wade into silver and gold with both hands, buying all you can. The last six weeks have shown how really thin supply in the physical market is, how small the doorway into silver and gold. You’ve been warned.
Many thanks to all of you for your prayers and well wishes and cards and e-mails for my wife Susan. Two weeks have passed since her heart surgery, mitral valve repair, and she is recovering nicely, although I am spoiling her shamelessly. She still tires easily, but most of her pain is past. Most hearty thanks to you all for your sweet compassion.
Argentum et aurum comparenda sunt — — Gold and silver must be bought.
– Franklin Sanders, The Moneychanger
Buy Silver and Gold Coins at:
The-MoneyChanger.com
To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.
Most investors, as I alluded to before, acquire gold not so much because they feel that the price is going to go up, but because they want to insure their portfolios from destruction related to currency debasement — no matter if their currency is the dollar, euro, yen or reminbi, for that matter.
HAPPY VERSION
For centuries, buying gold has been recognized as one of the best ways to preserve one’s wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold, and with its power to change men’s lives.
Gold bullion is real, honest money…and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis.
SCARY VERSION
The Nightmare German Inflation
Millions of the hard-working, thrifty German people found that their life’s savings would not buy a postage stamp. They were penniless. How could this happen in a highly civilized nation run at the time by intelligent, democratically chosen leaders? What happened to business, to wages and employment? How did some people manage to save their capital and a few speculators made fortunes? How did ordinary citizens survive a 3.25 million percent inflation rate? Not very well… unless they had invested in gold early on and held fast throughout the nightmare.
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Q. What percentage of my assets should I invest in gold?
A. Once again the answer is not cut and dried, but a general rule of thumb is 10% to 30%; and how high you go within that range depends upon your analysis of the current economic, financial and political situation.
Obviously, the individual with a low level of concern about the current economic situation will tend toward the 10% level. Those with lagging confidence in the way things are going will gravitate to the higher end of the range. In recent months, we have had a number of investors go substantially over the 30% figure based on their own reading of the economy and the various investment alternatives available.
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$2,500.00 Gold and $250.00 Silver
By Peter Degraaf
Sep 18 2008 2:36PM
‘That’s ridiculous’ I can hear someone saying.
But is it really all that far-fetched?
Let’s begin by adjusting the previous high gold price of $850 set in 1980, into today’s dollar value. By using the US government’s own inflation calculator (bls.gov/data/inflation-calculator.htm or simply Google ‘BLS inflation calculator’), we find out that gold should be trading at $2,260 to match the 1980 high of $850.
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ABCs of GOLD
http://www.goldprice.org/james-turk/2008/01/real-gold-price.html
http://www.monex.com/prods/gold.html
http://www.usagold.com/cpm/goldhelp.html
http://www.usagold.com/gold/special/starter.html
http://www.usagold.com/cpm/abcs.html
http://www.usagold.com/gold/coins/stocksvsmetal.html
http://www.usagold.com/productspage.html
http://www.monex.com/liveprices
http://www.321gold.com/editorials/field/field091808.html
http://www.goldline.com/buy-gold/gold-investment.html
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“Why the hostility? Partly because they believed their own rhetoric! Historically, because rising gold always means falling stocks or a troubled world, and they made most of their commissions in the stock market, they had to remain bullish on stocks, and bearish on gold. Their bullish stock-market recommendation was necessary because investors wouldn’t buy stocks if their advisors were dubious about the market’s future. They sneered at the inflation fears of us gold and silver fans, and derisively called gold investors “gold bugs.” Most of the young whippersnappers who now control Wall Street were in diapers 25 to 30 years ago during the last gold bull market so they haven’t experienced rising gold and inflation. Consequently, another gold bull market is inconceivable to them.”
“Even if we wipe out or neutralize al Qaeda and the currency system hangs together, monetary inflation has already been cooked into the economic cake by the Federal Reserve and industry, and so is the silver supply/demand situation. Even in this “best-case” situation, you will make a bundle on this monetary-inflation-sensitive investment, even in a still-orderly world.”
In this best case (the most likely – I think, I hope?), we will at least see rising inflation and an inflationary recession (which is already written in cement), and gold and silver and the metals and their mining stocks will go up – perhaps five to ten times, perhaps a lot more.
There is no best-case – or worst-case – scenario in which I can conceive of gold and silver being losers. You can mortgage the kids and bet the farm!
By Howard Ruff
The Ruff Times
*****
Howard J. Ruff, the legendary author and financial advisor, has re-edited and re-issued his 1978 mega best seller, How to Prosper During the Coming Bad Years, still the biggest-selling financial book in history, with 2.6 million copies in print. He is founder and editor of The Ruff Times Financial Newsletter. This is an article from The Ruff Times of September 12, 2008.
In times of expansion, it is to the hare the prizes go. Quick, risk taking, and bold, his qualities are exactly suited to the times. In periods of contraction, the tortoise is favored. Slow and conservative, quick only to retract his vulnerable head and neck, his is the wisest bet when the slow and sure is preferable to the quick and easy.
Every so often, however, there comes a time when neither the hare nor the tortoise is the victor. This is when both the bear and the bull have been vanquished, when the pastures upon which the bull once grazed are long gone and the bear’s lair itself lies buried deep beneath the rubble of economic collapse.
This is the time of the vulture, for the vulture feeds neither upon the pastures of the bull nor the stored up wealth of the bear. The vulture feeds instead upon the blind ignorance and denial of the ostrich. The time of the vulture is at hand.
Who profits from debt?
Bankers
Who runs our economies?
Bankers
Prior to the 1700s, bankers played but a minor role in economies. Then called money-lenders-those whose livelihood was the charging interest on the lending of gold-their profession was held in low esteem, unlike today. At the time, the Catholic Church considered the charging of interest on the loaning of money to be a sin.
THE ALCHEMY OF CENTRAL BANKING
THE SUBSTITUTION OF PAPER COUPONS FOR GOLD
Today, bankers profit not by charging interest on the loaning of gold, but by charging interest on the loaning of paper money from central banks. The creation of central banks allowed bankers to substitute paper coupons, sic paper money, printed by central banks for the gold they had previously loaned. Not bad-if you’re a banker.
This is the true miracle of modern banking-the substitution of paper coupons for gold and the ability to loan the coupons and still charge interest. In truth, it is not a miracle at all. It is a monetary abomination for which we are about to pay.
The “miracle” or trick of substituting paper coupons for gold could not have been accomplished without the active aid and complicity of governments. The link joining private bankers and public government is central banks, a private institution that allegedly acts on behalf of the public interest-and if you believe that, well,
unfortunately you’re among the majority that erroneously do.
It is through the device of central banking that governments have been able to indebt their citizenry into infinite debt. By allowing central banks to debase currencies and issue debt as money, governments have been able to indebt future generations and spend their revenues today, revenues that don’t really exist except through the “miracle” of central banking.
Central banks gave government what governments truly desired-the ability to spend more than what they have. They couldn’t do it with gold but they could do it with central bank coupons masquerading as money; and, in return for this extraordinary gift, governments turned over to private bankers one of the most important powers of government, the power to coin money.
With the power to coin money, bankers immediately substituted credit based paper coupons for the gold and silver which previously circulated as money. By this substitution, governments delivered their citizenry into bondage to the bankers forever. Today, the amount of our collective and individual debt and its compounding interest is incapable of ever being repaid.
For this sorry state of affairs, we can thank our elected representatives and our respective governments. The blame, however, must be reserved for ourselves. The US is a democracy and the power to prevent this was granted to us in the US Constitution. Unfortunately, that power was never exercised-and now it is too late.
THE ONLY ROAD OUT
If you have faith and investments in gold and silver, you’re going to need them both in the days ahead; and, of the two, faith will be the more valuable. The bill for our experiment with central banking and credit based money is now due and owing and is about to be paid by all of us. The settling of debts will not be pleasant.
Darryl Robert Schoon | Wednesday, April 16, 2008
http://www.nwotruth.com/the-time-of-the-vulture/
On the same website: Former Governor Jesse Ventura: WTC Collapse A Controlled Demolition – April 2nd, 2008
For the past eight years, wise investors have chosen to ignore the confusion and in many cases unplugged themselves from the traditional financial system, opting to become their own central bank and invest in gold and silver. Others have used a hybrid model of investing partially in the physical metals and partially in shares of precious metal miners and related companies. This has undoubtedly been the right move. The recent correction included, gold prices alone are up an amazing 45% just since my Survival Guide was published on 10/23/2006. For those who have been in since the beginning of the move, the gains have been even larger.
http://seekingalpha.com/article/93371-four-reasons-why-gold-s-a-slam-dunk-investment
Of Course There’s a Gold Standard
Sam Mathid
Sep 18, 2008
(abridged)
Gold’s role is no passive role, it also means Gold as the judge, jury and executioner. Gold is omnipotent and omnipresent. In the material world of no absolutes, Gold is as close as it gets. If paper currencies should cease to exist, Gold would still be there.
When a paper currency lets its hair down and goes out on the town chasing excessive and seedy ideas and values, it will find Gold standing by in judgement, like the condemnatory parent of a 14 year old schoolgirl who has stayed out overnight. The currency graveyard is full of the bones of government paper currencies that were found guilty of bad behaviour leading to worthlessness under gold’s inscrutable and stern gaze.
“it is not the government, but the market that makes gold money…” Professor Antal E. Fekete
Ipso facto, it is also the market that makes gold the standard of the value that underpins any currency, at any point in time. Paper coupon currencies are very useful and will, almost certainly continue to reappear in use. They are wonderfully convenient, especially for minor transactions, and as long as no wealth is stored in paper coupons then all is well.
It is only when people arrive at the breathtakingly silly belief that the pieces of paper themselves are the value, as opposed to merely the representations of value, that problems occur. It is akin to waving pieces of paper which have ‘rain’ printed on them and expecting the crops to get watered. Paper currencies are not wealth, they are representations of wealth. The difference is enormous, yet totally overlooked by many.
Whilst a currency is in circulation it can always be exchanged for gold. That is where the standard exerts itself. It matters not what the numbers say on the currency. If the American currency will cost you 1000 dollars for 1 ounce of gold, when the Zimbabwean currency will cost you 23 million dollars * for one ounce of gold, then you can be assured that, at that precise moment, 1000 American dollars will purchase the same amount of goods, any goods, as 23 million Zimbabwean dollars. That is because gold is the standard.
Gold Investments: Men or Metal?
The Differences between Owning Stocks and Owning Metal
This would be a good time to review some of the differences between gold stock ownership and owning the metal itself given that a large number of people are now interested in the gold universe. Simultaneously, inflationary fires are being fanned globally by the twin threats of rising oil prices and competitive de facto currency devaluations which only throw fuel on that fire. These fundamental developments will add more potential gold owners to our growing ranks. It is important for investors to make the right decision — and to be certain that the gold item they own is the one which will serve their purposes. Choices need to be made…
I’ve worked with a great many gold investors over the years. They fall into two distinct groups:
Savers and speculators.
Occasionally, an investor will combine the two at some level, but savers tend to emphasize owning the metal outright, and speculators tend to emphasize stock ownership — an 80%-20% split in either classification is not uncommon, if not 100% ownership of one or the other. My purpose with this short essay is not to convince anyone on the merits of gold ownership. This is addressed to those who have already made the decision to own gold and are trying to decide how to allocate funds within their portfolios.
Those hedging the negative financial or economic event own the physical metal in the form of coins and bullion. It would be hard to imagine an individual concerned about a breakdown of some sort saying “I think the system is going to fail. I’m going to go out and buy some gold stock.” Doesn’t make much sense, if you get where I’m going with this.
In recent years, the majority of our clientele has fallen into the “saver” category — those who simply wish to preserve what they’ve garnered no matter what the government (or central bank) does to our money. Speculation, by and large, runs against their grain.
Others, those who believe that they can beat the system by being quick on their feet, purchase gold stocks. Sometimes they win. Sometimes they lose. Most, though, are speculators looking for a return — not savers looking to protect themselves.
Most important: Stocks are stocks first and gold second. They are not (I repeat NOT) a substitute for the metal.
Here are some of the differences between owning the stocks and owning the metal:
Gold needs no corporate managers.
Stocks depend upon the best managers (with, by the way, the best of intentions).
Gold is an asset which is not simultaneously a liability.
Stocks often represent substantial debts and liabilities — monetary, environmental, climactic, political, societal, etc.
Gold does not need a cash flow to survive. It is a stand-alone asset.
Stocks can’t survive without it.
Gold does not require political and social stability to survive, in fact it thrives under the worst political conditions possible.
Stocks cannot survive without it.
Gold does not have to pay dividends.
Stocks depend upon solid profits in order to pay out dividends. How many actually do? If we go by Richard Russell’s maxim not to buy a stock unless it does pay a dividend, that would narrow the field to about 25% of the listed stocks — if that.
Gold is an asset of last resort.
Stocks cannot be used in a transactional situation.
Gold does not require an operating statement and balance sheet to determine value.
Stock values are determined by often complicated balance sheets and perceived future earnings.
Gold does not attract trend investors.
Stocks attract trend investors by the boatload. Keep in mind the gung-ho fund manager today could be the first to head for the exits tomorrow.
Gold does not rely on stocks for value.
Stocks rely on gold for value.
I could go on but I’ll stop there. To be sure. . . .
Know thyself. And know what you want out of gold.
The metal itself for savings. The stocks for speculation.
Know why you are doing what you are doing when you do it. Many own both gold and stocks without knowing the purpose of each.
n Michael J. Kosares
How to Buy
Gold Coins and Bullion
Add Gold to Your Portfolio Today
Building Your Gold Portfolio
Portfolio diversification is the hallmark of the prudent investor. For millions worldwide, sensible diversification in the overall portfolio includes gold ownership. It is a timeless art that need be applied to modern times. To help you meet that essential need, we offer the full range of gold coin and bullion products. We offer four primary groupings of gold items:
| 1. Contemporary gold bullion coins and bars 2. Low-premium, historic European and S.American gold coins 3. Low-premium, historic U.S. gold coins 4. Graded historic U.S. $20 gold pieces |
How you structure your portfolio depends upon your personal financial needs and goals, and should be done in concert with one of our experienced and knowledgeable client representatives. We are happy to work with you in structuring your portfolio to weather the uncertainties ahead and maximize your return. Below you will find listed various gold coin links which will take you to photos and specifications of each item.
How to Buy Gold in Five Easy Steps
Though the task for the newcomer may seem daunting and a bit confusing, a portfolio diversification into gold is really a very simple process that some tend to over-complicate. Having a good sense of what you want gold to accomplish for you is the first hurdle. From there it breaks down to Five Easy Steps: [or, see How to buy — Europe ]
| 1. Familiarize yourself with our selection of gold coins and bullion.
2. Call our Trading Desk for intra-day gold prices and portfolio consultation. FREE SHIPPING AVAILABLE on most orders (excludes bullion-only and international orders) Ask for details! 3. Lock in your order at current prices over the phone. 4. Remit payment. 5. Sit back and relax while we fulfill your order. It’s that easy! In over 30 years of assisting gold clientele on orders from hundreds of dollars to hundreds of thousands of dollars with thousands of clients located from Los Angeles to London, we have never failed to honor an agreed upon price or to deliver metal as ordered. Please see our investor Testimonials as well as our flawless record with the Better Business Bureau . |
Our experienced account representatives are very well-versed in the four product categories and the role each plays in the overall gold portfolio. It only takes a few minutes over the phone to zero-in on what would likely work best for you. Some contact us already knowing what they want to include in their portfolio. If you are in that position, we will simply skip the preliminaries and go directly to pricing and locking-in your acquisition.
In either case, we welcome your inquiry.